Pearson (LON:PSON) Hits New 1-Year High at $1,046.50

Pearson plc (LON:PSONGet Free Report)’s stock price hit a new 52-week high on Thursday . The stock traded as high as GBX 1,046.50 ($13.23) and last traded at GBX 1,045.50 ($13.21), with a volume of 374340 shares. The stock had previously closed at GBX 1,035 ($13.08).

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Shore Capital reiterated a “buy” rating on shares of Pearson in a research note on Friday, March 1st. JPMorgan Chase & Co. raised their target price on shares of Pearson from GBX 1,200 ($15.16) to GBX 1,220 ($15.42) and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Finally, Barclays decreased their target price on shares of Pearson from GBX 975 ($12.32) to GBX 965 ($12.20) and set an “equal weight” rating on the stock in a research note on Tuesday, February 6th.

View Our Latest Report on Pearson

Pearson Stock Performance

The company has a market cap of £7.13 billion, a P/E ratio of 1,966.04, a PEG ratio of 0.83 and a beta of 0.30. The business’s 50 day simple moving average is GBX 984.02 and its 200 day simple moving average is GBX 951.26. The company has a current ratio of 1.73, a quick ratio of 1.07 and a debt-to-equity ratio of 30.19.

Pearson Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 3rd. Shareholders of record on Thursday, March 21st will be issued a dividend of GBX 15.70 ($0.20) per share. This is a positive change from Pearson’s previous dividend of $7.00. This represents a yield of 1.63%. The ex-dividend date is Thursday, March 21st. Pearson’s dividend payout ratio (DPR) is 4,339.62%.

About Pearson

(Get Free Report)

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Higher Education, and Workforce Skills.

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